That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac
Now, i ask that there not be any type of instruction regarding the testimony given here today. It is important that we respect the rules and the decorum of the house and allow the public to hear our proceedings. Today the subcommittee will examine access to oil and Gas Development on oniio onshore fe lands. Onshore federal oil and gas accounts are roughly 20 of americas production and is integral to our nations independence and security. Not only has the new administration inherits a backlog of 3,000 drill permit applications but an incredibly burdensome regulatory scheme that discourages investment and development. It is critical that we evaluate these obstacles to success and ensure a fair return to the American People. There are many factors that influence an operators decision to lease and develop hydro carbons. While some may point to low Commodity Prices, Market Conditions are no excuse for poor policies or for the federal government failing to uphold statutory obligations. In fa
Development on federal lands. We will hear from state and federal energy officials. This has Natural Resources sub hearing is chaired by paul gosar of arizona. Lands. I ask unanimous consent of the gentleman from arkansas be allowed to sit with the subcommittee and par this will allow us to hear from witnesses and members keep to the schedules. Therefore i ask for unanimous consent that all other members be made part of the hearing records if they are submitted to the clerk by 5 00 p. M. Today. Without objections to order. We can do that now. I ask that theyre not be any type of disruption regarding the testimony getting here today. Its important we respect the decorum and the rules of the house until the public can hear our receipts. The subcommittee will examine oil and gas on federal lands. They are holding a hearing in several weeks and we asked the members reserve all offshore questions for the next hearing. Its owned by all americans and the bureau of Land Management is obligated
Development on federal lands. We will hear from state and federal energy officials. This has Natural Resources sub hearing is chaired by paul gosar of arizona. Lands. I ask unanimous consent of the gentleman from arkansas be allowed to sit with the subcommittee and par this will allow us to hear from witnesses and members keep to the schedules. Therefore i ask for unanimous consent that all other members be made part of the hearing records if they are submitted to the clerk by 5 00 p. M. Today. Without objections to order. We can do that now. I ask that theyre not be any type of disruption regarding the testimony getting here today. Its important we respect the decorum and the rules of the house until the public can hear our receipts. The subcommittee will examine oil and gas on federal lands. They are holding a hearing in several weeks and we asked the members reserve all offshore questions for the next hearing. Its owned by all americans and the bureau of Land Management is obligated